Fannie Mae-No Politics (FNMA)

[ajcntex1]

Well its been fun and not profitable, but after yesterday I am done with this debacle now. I bought in almost 10 years ago and now in my early 60s I cant afford these funds to be sidelined anymore. I am selling 90% of shares, will hold a few as a hobby to keep interested in what happens.

The supremes hosed shareholders and I have no faith that what was remanded will yield anything positive. SCOTUS gave a 9-0 heads up that FHFA cant do anything illegal. I expect FHFA to start sending all earnings to treasury this quarter.

This is my take, I wont bash anyone here who still has hope that some court will right the wrongs like some posters have done for a while. I may pick up a few more shares if lower courts seem positive, but I got head faked with all that nationalization talk so what they say and what they do are not consistent.

The Roberts court will go down in history the opposite of what he thinks. They are indecisive and subservient to congress.

Good luck everyone, hope yesterday was the worst you see. Got any tips for a quick 100% gain?